Arrow Exploration puts new Colombia well on production

Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) said its latest Mateguafa appraisal well has moved into production, adding restricted output of 564 barrels of oil per day gross as the company advances its Colombian drilling programme. The Mateguafa HZ12 well, or M-HZ12, was drilled on time and under budget to a total measured depth of 13,824 feet and encountered multiple hydrocarbon-bearing intervals.